long-range budgeting

A new study ranks Alabama 44th among the states in long-range budgeting.

The study was released Tuesday by the nonpartisan Center for Budget and Policy Priorities in Washington. It says Alabama needs to look beyond one-year budgets and consider multi-year revenue forecasts and the costs of programs over several years. The report complimented Alabama for having adequate pension funding, a Legislative Fiscal Office to analyze spending, and a well-designed rainy day fund.